(1)Consider an investor's statement: "If the stock price would only get back up to what I paid for it,

I'd sell it!" Describe how the biases are influencing the investor's decision. Make sure to include references!

(2) To what extent are the proceeds of a life insurance policy exempt from the claims of creditors of the beneficiary?On what basis can such exemptions be justified?

(3) An article on life insurance in a midwestern newspaper states "It makes good sense to purchase life insurance at an early age since the cost of coverage increases the longer you wait."Do you agree or disagree with this statement and why?

(4) Explain the difference among the insured, the owner, and the beneficiary of a life insurance policy.Give a specific example in which each party might be a different person